Fortinova Fastigheter (FNOVA) investor relations material

Executive summary

• Revenue increased by 13% year-over-year to SEK 106 million, driven by property acquisitions and rent increases.

• Operating surplus rose 6% to SEK 59 million, despite higher property costs.

• Management profit improved 7% to SEK 26 million, with a margin of 24%.

• Net profit for the quarter was SEK 44 million, up from SEK 20 million last year.

• Economic occupancy remained high at 98%.

Financial highlights

• Operating surplus margin was 56% (down from 59% last year) due to seasonal and maintenance cost timing.

• Unrealized property value changes were SEK 15 million; realized changes were SEK -2 million.

• Unrealized derivative value changes contributed SEK 21 million.

• Return on equity reached 6.4% (up from 5.0%).

• Long-term net asset value per share was SEK 52.1, equity per share SEK 47.

Outlook and guidance

• Focus remains on financial flexibility, active portfolio management, and increasing management profit per share.

• Updated business plan targets >10% return on equity, >180% interest coverage, <60% loan-to-value, and >99% occupancy.

• Continued emphasis on sustainable growth and energy efficiency.